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The Indian government has abandoned plans to require government approval before artificial intelligence services can be launched online.
The plan was announced in early March as India grapples with what the Ministry of Electronics and Information Technology described as “inherent errors or unreliability” in artificial intelligence.
But on Friday, the department issued a widely reported update that removed government licensing requirements but increased obligations for AI service providers. New requirements for AI operations in India include flagging deepfakes, preventing model bias, and informing users of model limitations. AI stores should also avoid producing and sharing illegal content, and must inform users of the possible consequences of using AI to create illegal material.
Rajeev Chandrasekhar, minister of state for entrepreneurship, skill development, electronics and technology, was quick to give context to the initial ban, saying it would only apply to large tech companies – a reflection of His role in promoting startups in India, which would otherwise have been underserved. They need to be recognized for their efforts.
——Simon Sharwood
Raimondo’s trip to Asia is full of stakes
U.S. Commerce Secretary Gina Raimondo visited the Philippines and Thailand last week and used the opportunity to tout their potential roles in semiconductor supply chains.
“This is a critical moment as the United States is looking to diversify its supply chain, and both the Philippines and Thailand offer great opportunities to help us achieve that goal,” Raimondo told a news conference.
The Commerce Secretary announces investments by U.S. companies in the Philippines.
“During our first presidential trade and investment mission to the Philippines, we announced more than $1 billion in investments,” much publicized Raimondo.
Alibaba will invest in South Korea
South Korean media reported that Chinese e-commerce giant Alibaba will invest US$1.1 billion to build a logistics center in the country.
Among them, US$200 million will be used to build logistics centers this year, and US$100 million will help Korean small and medium-sized enterprises sell goods internationally.
China asks Japan to pay for Fukushima accident
Japanese media reported that the country is being pursued by China for financial compensation for any economic losses caused by Fukushima wastewater.
The slow discharge of treated wastewater began in August last year, with discharges said to be below regulatory thresholds.
According to the Japan Times, China’s compensation framework will partially solve the problem of China establishing a monitoring system.
Pune, India rejects Uber license application
The Regional Transport Authority (RTA) in Pune, a sprawling city in western India, has reportedly rejected applications for aggregation licenses from ride-sharing companies Ola and Uber.
A letter from the Pune Regional Transport Office detailed the reason for the rejection was violation of the Motor Vehicle Aggregation Guidelines Act, 2020, by not providing health or life insurance or adequate training to the driver.
Applicants have 30 days to appeal.
Asia Pacific Trading Playbook
In this new temporary feature, register New alliances, sales and funding rounds in the region will be noted.
- Toyota Motor Vietnam has collaborated with Taiwanese network-attached storage company Synology on data management infrastructure.
“Toyota Motor Vietnam has deployed the Synology data management system to securely store hundreds of terabytes of data generated when assembling more than 10,000 vehicles annually,” the press release explains.
- Data center platform BDx Data Centers (BDx) has announced the acquisition of the freehold leasehold rights to a 14,400 sqm flagship data center in Singapore.
The announcement stated: “BDx has transformed the SIN1 site from a retail hosting data center to a Tier III-compliant site that can accommodate more than 50 customers, including three hyperscale customers, and has been rated by customers as one of the best sites in the world. one.”
- Cryptocurrency exchange OKX has revealed that it has received in-principle approval from the Monetary Authority of Singapore (MAS) to issue a major payments institution (MPI) license in the city-state.
“As an applicant, we have been providing our products and services in Singapore under the Payment Services (Specified Period Exemption) Regulations 2019 for several years. With MAS’s approval in principle, we look forward to providing additional access and providing our Customers offer opportunities,” fintech companies are ecstatic.
- According to reports, Japanese printing and materials group Toppan Holdings plans to build a semiconductor substrate factory in Singapore at a cost of US$338 million.
It is expected to start operations by the end of 2026.
Cisco names new New Zealand head
Internet giant Cisco has appointed a new country manager for New Zealand. Jessica McFadden, former New Zealand channel and service provider leader, will take over the role after Garret Harety returns to the United States to advance his career at Cisco. ®
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